On September 9, international crude oil futures prices rose, mainly due to Israel's attacks in Qatar, and the geopolitical situation was tense. Israel launched air strikes on its nemesis Hamas leader in Qatar on Tuesday, further escalating its military operations in the Middle East. On the evening of the 9th local time, Hamas issued a statement strongly condemning the air strikes in Doha, the capital of Qatar, which attempted to assassinate the leader of the Hamas negotiating delegation, calling it a "heuristic crime" and a "blatant violation of international law."
Hamas said the attack killed five of its members, including the son of Hamas' chief negotiator Haya. Hamas said Israel attempted to assassinate its ceasefire negotiating delegation but failed. The White House said the attack was a unilateral action and was not conducive to the interests of the United States and Israel.
After the attack, Trump also spoke with Israeli Prime Minister Netanyahu. Netanyahu told Trump that he hopes peace will be achieved as soon as possible. Trump believes that this incident can be an opportunity for peace. WTI crude oil futures for delivery in October 2025 rose by US$0.37 per barrel (0.59%), and the settlement price was US$62.63 per barrel; Brent crude oil futures for delivery in November 2025 rose by US$0.37 per barrel (0.56%), and the settlement price was US$66.39 per barrel. The price difference between Brent and WTI was $3.76 per barrel, the same as the previous day.
Shanghai crude oil futures price rose, the main contract SC2510 rose 7.2 yuan/barrel (+1.5%), and the settlement price was 483.4 yuan/barrel, equivalent to US$68.08 per barrel. All contracts were traded at 149,598 lots, and the holding volume increased by 2038 lots to 68,931 lots. The main contract traded 111,076 lots, and the holding volume increased by 241 lots to 24,849 lots.
Murban crude oil futures price rose by $0.68/barrel (+1%), with a settlement price of $69.55/barrel, and 26,513 lots were traded in all contracts.
International Oil Market News
(1)(1)News on oil-producing countries
Kazakhstan: Kazakhstan promises to comply with the OPEC+ agreement and plans to make up for the excess oil production.
Saudi:Saudi:Saudi Arabia sets the official price of Arab light crude oil sold to Asia in October to be $2.20 per barrel higher than the average price of Oman/Dubai, down $1 per barrel from September.
(2)(2)Institutional Perspective
Goldman Sachs:
S&P:S&P:Brent crude is expected to drop to about $55 per barrel by the end of the year.
Kitou Macro: Opec+ is now expected to take a more cautious approach to increasing oil supply to the market.
Source: China Petroleum Group Economic Research Institute
